Try our mobile app

Its Time for a Rethink on Financial Inclusion - New Principles Show How

Published: 2021-08-12 13:56:00 ET (After Market Close)
<<<  go to MA company page

By: Ajay S. Banga, Executive Chairman, Mastercard

--News Direct--

There are 1.7 billion individuals without access to a bank or mobile money. Image: REUTERS/Philimon Bulawayo

This

Where trade thrives, people thrive. This has been true for centuries. From the agoras of ancient Greece to the bustling bazaars throughout the world today, trade has always been a vehicle for connections and commerce – and also for the exchange of cultures and ideas. Opportunity was a matter of getting to the marketplace.

These days, more and more of the work we do and the widgets we exchange are digitized. Even before the pandemic sparked a rapid shift to e-commerce and digitization, services and data flows were outpacing goods as the main units of trade. In theory, the internet became the global commons, a place where anyone with a solid business idea and internet access could link up to the supply chain system and become a legitimate entrepreneur.

Read more.

Check out more content regarding The Mastercard Center for Inclusive Growth

View additional multimedia and more ESG storytelling from The Mastercard Center for Inclusive Growth on 3blmedia.com

View source version on newsdirect.com: https://newsdirect.com/news/its-time-for-a-rethink-on-financial-inclusion-new-principles-show-how-366552450